Alvarez & Marsal continued to expand its financial restructuring capabilities in Europe with the hiring of two new managing directors in the Nordics. Jonas Rickardsson joined as the head of financial restructuring in the region and Dan Andersson was appointed to lead the Nordic operational restructuring and CRO services.
A&M currently offers restructuring, corporate transformation and private equity services, along with transaction advisory and financial institutions advisory services to Nordic clients from its offices in Stockholm and Oslo.
Rickardsson has more than 15 years of experience in restructuring advisory and financial review. His primary area of expertise is leading restructurings to provide clarity about business’ financial and commercial positions. During his career, he has advised lenders, owners and management teams in stressed and distressed situations across a range of industries. Before joining A&M, Rickardsson was responsible for financial restructuring at EY, where he specialized in delivering business reviews and options analyses.
Andersson has more than 15 years of experience as chief restructuring officer and board advisor. Before joining A&M, Andersson spent four years with EY’s transaction advisory service, serving most recently as head of restructuring and turnaround in Finland and CRO services in the Nordics. He executed multiple turnarounds and refinancing rounds, drawing on his experience as CRO and corporate officer for large scale entities. The CRO services offering will be supported by Ole Sivertsen, senior director, who currently leads the Oslo office.
A&M’s financial restructuring team has already expanded its offerings in Europe this year with new leaders in France and Switzerland. In September, A&M will welcome Mikel Ortega and Yago Fernandez to lead the newly established financial restructuring team in Spain. In December, the Nordic team will be joined by Kristoffer Ståhlbröst, who will lead the overall restructuring team in the Nordics. In the near future, Christian Ebner and James Dervin will come onboard in London.
“I am very excited to be joining the team at A&M to help build out the financial restructuring service offering in the Nordics,” Rickardsson said. “The firm’s current restructuring offering throughout Europe is unparalleled, and I look forward to working with Dan and Kristoffer and getting involved on the ground to aid Nordic companies as they face unprecedented challenges.”
“Following the successful launch in France and Switzerland earlier this year, bolstering our capabilities in the Nordics is the next strategic step to solidifying our market-leading financial restructuring offering across EMEA,” Paul Kirkbright, head of EMEA financial restructuring advisory at A&M, said. “A&M provides an independent, conflict-free alternative for clients. Jonas’ and Dan’s experience aligns with A&M’s action-orientated, results driven approach and will help clients create value and drive growth. We are working towards positioning restructuring leaders across all European countries.”
